SG Americas Securities LLC Sells 8,757 Shares of Perdoceo Education Corporation $PRDO

SG Americas Securities LLC decreased its position in Perdoceo Education Corporation (NASDAQ:PRDO) by 47.5% during the second quarter, Holdings Channel reports. The fund owned 9,689 shares of the company’s stock after selling 8,757 shares during the period. SG Americas Securities LLC’s holdings in Perdoceo Education were worth $317,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of PRDO. Planned Solutions Inc. purchased a new stake in shares of Perdoceo Education during the 2nd quarter valued at about $201,000. Contravisory Investment Management Inc. bought a new stake in Perdoceo Education during the second quarter valued at approximately $227,000. Baron Wealth Management LLC purchased a new stake in Perdoceo Education during the second quarter valued at approximately $228,000. Revisor Wealth Management LLC bought a new position in Perdoceo Education in the second quarter worth approximately $240,000. Finally, Jefferies Financial Group Inc. bought a new position in Perdoceo Education in the first quarter worth approximately $206,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Elise Baskel sold 21,212 shares of Perdoceo Education stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $35.00, for a total transaction of $742,420.00. Following the sale, the senior vice president owned 72,142 shares in the company, valued at $2,524,970. This trade represents a 22.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Todd S. Nelson sold 40,000 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the transaction, the chief executive officer owned 524,047 shares of the company’s stock, valued at approximately $18,430,732.99. This represents a 7.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 101,212 shares of company stock valued at $3,540,420. Insiders own 2.11% of the company’s stock.

Analysts Set New Price Targets

PRDO has been the subject of several analyst reports. Wall Street Zen lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a report on Wednesday, October 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Perdoceo Education in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Perdoceo Education presently has a consensus rating of “Buy” and an average target price of $42.00.

Perdoceo Education Trading Up 0.0%

Shares of Perdoceo Education stock opened at $27.96 on Friday. Perdoceo Education Corporation has a fifty-two week low of $23.87 and a fifty-two week high of $38.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27. The company has a market capitalization of $1.80 billion, a P/E ratio of 12.10, a P/E/G ratio of 0.92 and a beta of 0.84. The company has a fifty day moving average of $33.38 and a 200 day moving average of $32.33.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The business had revenue of $211.87 million for the quarter, compared to the consensus estimate of $207.02 million. During the same period in the previous year, the business earned $0.57 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS. FY 2025 guidance at 2.540-2.560 EPS. On average, sell-side analysts anticipate that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, November 28th. Perdoceo Education’s dividend payout ratio (DPR) is 25.64%.

About Perdoceo Education

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.